Daily SPAC Update – December 9, 2024

by | Dec 9, 2024

TCHP + Coincheck Deal Approved. GLLI, INAQ, ESHA Shareholders Approve Extensions. DP Cap Acquisition  (DPCS) Dismisses Accountant. SLAM and BRKH Extension Votes.

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Daily SPAC Update

SPAC Daily Brief – December 9, 2024
Global SPAC activity saw key vote results, with Globalink Investment Inc. (GLLI), Insight Acquisition Corp. (INAQ), ESH Acquisition Corp. (ESHA), and Thunder Bridge Capital Partners IV (THCP) securing extensions or deal approvals, alongside notable redemption volumes—ESHA leading with 10.76M shares redeemed. BurTech Acquisition Corp. (BRKH) and SLAM Corp. (SLAM) approved long-term monthly extensions to December 2024 and December 2025, respectively. Athena Technology Acquisition Corp II (ATEK) announced a deal with Ace Green Recycling, Inc., while DP Cap Acquisition Corp I (DPCS) dismissed its accountant. Merger amendments were disclosed by Hennessy Capital VI (HCVI) and SK Growth Opportunities Corp. (SKGR), with Bowen Acquisition Corp. (BOWN) setting an extension vote for January 7, 2025. Separate warrants/rights for DYNX are set for December 9, with BRKH releasing a new investor deck.

SPAC VOTE RESULTS
GLLI – GLOBALINK INVESTMENT INC * Extend to Jun 09, 2025 * 2,285,056 redeemed * trust $11.77
INAQ – INSIGHT ACQUISITION CORP * Extend to Mar 07, 2025 * 1 redeemed
ESHA – ESH ACQUISITION CORP * Extend to Dec 16, 2025 * 10,760,119 redeemed
THCP – THUNDER BRIDGE CAPITAL PARTNERS IV INC * Deal Approved * 5,000 redeemed * trust $10.68

EXTENSION VOTES
BRKH – BURTECH ACQUISITION CORP * 12 monthly extensions to December 15, 2024
SLAM – SLAM CORP * extend monthly to December 25, 2025

SEPARATE WARRANTS/RIGHTS
DYNX on Dec 09

SPAC DEALS ANNOUNCED
Dec 04 | ATEK – Athena Technology Acquisition Corp Ii * + Ace Green Recycling, Inc.

OTHER SPAC NEWS
DPCS – DP CAP ACQUISITION CORP I * Dismissed Accountant
BRKH – BURTECH ACQUISITION CORP * Investor Deck
HCVI – HENNESSY CAPITAL INVESTMENT CORP VI * Merger Agreement Amendment
SKGR – SK GROWTH OPPORTUNITIES CORP * Merger Agreement Amendment

SPAC DEAL & EXTENSION VOTES SET
BOWN – Bowen Acquisition Corp * EXTENSION VOTE SET: Jan 07, 2025 * trust $10.94

YESTERDAY’S TOP SPAC GAINERS
7.74% ~ $ 12.80 | WINV – WinVest Acquisition Corp. (Announced)
4.17% ~ $ 11.49 | IPXX – Inflection Point Acquisition Corp. II (Announced)
3.57% ~ $ 11.60 | BLAC – Bellevue Life Sciences Acquisition Corp. (Announced)
3.50% ~ $ 11.25 | INAQ – Insight Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-8.18% ~ $ 9.88 | ROCL – Roth CH Acquisition V Co. (Announced)
-4.01% ~ $ 11.50 | APXI – APx Acquisition Corp. I (Announced)
-3.71% ~ $ 10.90 | MCAG – Mountain Crest Acquisition Corp. V (Announced)
-2.96% ~ $ 10.95 | ALCY – Alchemy Investments Acquisition Corp 1 (Pre-Deal)
-.94% ~ $ 11.65 | IGTA – Inception Growth Acquisition Ltd (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 04 | $ 9.99 | SPHA – Shepherd Ave Capital Acquisition Corp
Dec 04 | $ 9.99 | TAVI – Tavia Acquisition Corp.
Nov 26 | $ 9.96 | FACT – FACT II Acquisition Corp.
Nov 20 | $ 9.96 | DYNX – Dynamix Corporation
Nov 20 | $ 9.99 | NOEM – CO2 Energy Transition Corp.
Nov 15 | $ 10.00 | HSPT – Horizon Space Acquisition II Corp.

Recent Analysis

Daily SPAC Update – January 15, 2025

$150M Plum Acquisition IV and $50M Ribbon Acquisition SPAC IPOs. Aimfinity (AIMAU) and Quetta (QETA) Extensions Approved. Bowen (BOWN) + Qianzhi BioTech Deal Approved. 

Daily SPAC Update – January 14, 2025

Cohen Circle (CCIR) LOI with Ukranian Firm. BRKH DeSPACs to Blaize (BZAI). PPYA Extension Vote. Aimfinity Extends to Oct 2025. Bowen Acquisition (BOWN) Forward Purchase Agreement. 

Daily SPAC Update – January 9, 2025

FutureTech II (FTII) Trust Overpayments Continue. Aimfinity Investment (AIMAU) Sets Extension Vote. Western Acquisition (WAVS) Extension Approved. Global Star (GLST) Deal Vote Set. RANG/RANGU Separate Trading on Jan 13.

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